O’Brien Palmer provides corporate insolvency services comprising Voluntary Administrations, Deeds of Company Arrangement, Liquidations and Receiverships. The matters under our control vary in size and complexity and in each case we strive to obtain the best outcome for all stakeholders.
O’Brien Palmer provides personal insolvency services, primarily Bankruptcy and Part X Personal Insolvency Agreements. As in all of our matters, the appointee is active in the administration and accessible to stakeholders.
Statutory Trusteeships (s66G)
We also provide other related services including Business Recovery, S66G Statutory Trusteeships, Deceased Estate Administration, Forensics and Expert reports.
WHAT IS INSOLVENT TRADING?
WHAT IS INSOLVENT TRADING AND HOW DOES IT AFFECT YOU?
It’s important for directors to realise that they have a number of obligations and duties when acting as Directors of a company, in particular, how to prevent the company from trading whilst insolvent.
View our video and download our information sheet below to get a good understanding of how this personally affects you.
DO YOU KNOW THE EARLY WARNING SIGNS OF INSOLVENCY?
The rising cost of living crunch, rising interest rates, rising prices, business difficulties, labour etc, are all putting pressure on your business. You need to recognise these signs so you can take proactive action if required.
View our video and download our information sheet below to learn more about these signs and turn your business around.
People can be uncertain when is a good time to talk to us. We understand.
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WHY CHOOSE O’BRIEN PALMER
EXPERIENCE YOU CAN TRUST
There is no substitute for the combination of experience and technical competence. Over the last 30 years, our senior practitioners have been exposed to many industry sectors developing considerable business expertise.
THE POSITIVE APPROACH
RELATIONSHIPS WITH STAKEHOLDERS
THE TIME FOR ACTION
Far too often, principals delay taking action in the unrealistic expectation that circumstances will improve. We believe the best results are obtained if principals seek advice before their problems become insurmountable.
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CLIENT CASE STUDIES
VOLUNTARY LIQUIDATION WITH JOHN DEBRINCAT OF eCORNER
Just the mere mention of liquidation can send shudders up a Business Owner’s spine… But it doesn’t have to be the worst thing that ever happened. Sometimes it is a very positive thing and can mark the opportunity for a whole new beginning.
It’s imperative to know that it’s often not the fault of the Business Owner or the Management Team.
This happened recently to our client John Debrincat. John’s former business, eCorner, was a 19 year old IT business with once a very thriving e-commerce business with a strong Australian, New Zealand and global presence. During the Covid lockdowns, as well as other extenuating circumstances, they experienced many of the issues mentioned above, and the Directors saw that they had three options as the business was entering a different business model life cycle.
PIE FACE LIQUIDATION
The following is a case study concerns the liquidation of iconic Australian pie brand – Pie Face. On 31 October 2016, Pie Face’s primary funder TCA Global Credit Master Fund (“TCA”) appointed Christopher Palmer of O’Brien Palmer as Receiver & Manager of Pie Face Pty Ltd. The aim is to initiate a restructure of the Pie Face finances in order to strengthen the profitability and stability of the business.
This is not the first time that Pie Face have encountered financial difficulties. In 2014, the iconic Australian brand fell into voluntary administration. In early 2015, the business was restructured and came out of voluntary administration with approximately 50 stores. Out of the remaining 50 stores following this stint, only 28 outlets remained.
Following the Voluntary Administration, Pie Face entered into a Deed of Company Arrangement. However, following the recent turn of events, it is anticipated that the DOCA will likely be terminated.
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